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Corn market, like copper and cotton, feels impact of Chinese speculators (CORN, BAL, JJC)

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Financial exchanges around the world are absorbing the impact of Chinese speculative buying and selling, with particular manifestations in corn ( CORN , quote ), copper ( JJC , quote ) and cotton ( BAL , quote ).

In a Wall Street Journal article by Liam Plevin and Tom McGinty, it was detailed how turbulent the corn market has been this year. The article, "Faulty Forecasts Roil Corn Market," noted that, "China, for example, swooped in to buy U.S. corn when prices fell after this year's June 30 stockpile report." As also depicted by a chart in The Wall Street Journal piece by Plevin and McGinty, "the price of corn futures has become increasingly volatile."

As detailed in a previous article on emergingmoney.com , China has been making its presence felt in financial exchanges around the world.

The piece , "China pulls off classic 'short squeeze' in manipulating copper market, again, as it also has with corn and cotton," lays out the details.

The recent approval of the CME Group for the acceptance of the Yuan as collateral will increase the puissance of China in its activities in all financial exchanges around the globe.

With Europe becoming so desperate for China to underwrite its sovereign debt rescue packages, the actions of Beijing in international currency and bond markets should also become more apparent and more profitable.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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